China Molybdenum Price - July 8, 2022
- Details
- Category: Molybdenum's News
- Published on 08 July 2022
- Written by Shuxia
- Hits: 94
China molybdenum price was weak in the week ended on Friday, July 08, 2022. Under the influence of factors such as low demand from downstream users and high price pressure sentiment, suppliers' quotations were generally lowered, and transactions were limited.
According to Chinatungsten Online, the prices of molybdenum concentrate and molybdenum oxide fell below 2,700 yuan/ton and 2,800 yuan/ton respectively this week.
From the perspective of the supply side, in addition to the large number of shipments in the early stage and the reduction of overseas mine imports, which are the reasons for the low stock inventory in the current market, the high temperature and heavy rain and the pressure from environmental protection have led to the shrinkage of the output of many molybdenum mining enterprises. The reason for the tight supply of molybdenum raw materials in the market.
From the perspective of demand, in addition to bulk purchases in mid-to-early June and the current price of molybdenum raw materials is still relatively high, which is the reason why downstream users are not very motivated to receive goods recently, most steel mills have recently expanded maintenance due to losses, resulting in The decline in stainless steel production also greatly affects the market demand for molybdenum raw materials.
Prices of molybdenum products on July 8, 2022
Picture of molybdenum sheet
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